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Insurers expect to pay out £1.3 billion for flood damage - ABI
January 11, 2016 / 7:39 AM / 2 years ago

Insurers expect to pay out £1.3 billion for flood damage - ABI

LONDON (Reuters) - Britain’s insurers are expected to pay £1.3 billion pounds to cover damage caused by floods in December and early January, the Association of British Insurers said on Monday.

The city centre in seen under flood waters in Carlisle, north west England, December 7, 2015. REUTERS/Andrew Yates

The trade body said that more than 3,000 families are living in alternative accommodation until their homes are repaired, while emergency payments of nearly 24 million pounds have already been made.

The average expected pay out for each domestic flood claim is 50,000 pounds, compared with an average from the 2013/14 winter storms of 31,000 pounds.

Reporting by Huw Jones, editing by Rachel Armstrong

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